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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Dora Factory Raises $10M in Strategic Fundraising to Boost Adoption and Expansion

Leading decentralized governance infrastructure, Dora Factory, has announced the completion of a $10 million strategic fundraising. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, and nine other prominent institutional investors participated in the round. The fundraising round will hasten the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding technology stack. Leading infrastructure company Dora Factory specializes on public goods technology and decentralized governance. One of its main offerings is the flagship Public Good Staking infrastructure, which facilitates ecosystem funding driven by block incentives; another is Dora…

Regulation

Polkadot Founder Releases JAM Graypaper To Revolutionize Web3’s Future

Prominent crypto analyst Michael van de Poppe acknowledged Polkadot as a “promising Layer 1 Blockchain outside of Ethereum.” In his recent X post, van de Poppe shared insights on Polkadot’s journey from 2016, when Founder Gavin Wood released the Polkadot Whitepaper, till 2024, when he released the JAM Graypaper. Promising Layer 1 blockchains outside of $ETH? I think I've got a few, and one is $DOT.@gavofyork wrote the Polkadot Whitepaper in 2016 and has now released the JAM Graypaper, essentially enabling Polkadot 2.0. Strong bounce in the markets too, at a cycle low still. pic.twitter.com/h3mUOOHJes — Michaël van de Poppe…

Altcoins

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704

Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% decrease on May 9, 2024, coinciding with a hashprice lower than pre-halving levels. Hashprice refers to the estimated value of one petahash per second (PH/s) of hashing power per day. Difficulty change at block height 844,704 saw a 1.48% increase. Prior to the halving, it…

Mining

River Protocol Takes on Slack, Discord With Messaging Apps on Ethereum L2 Base

With big tech companies like Google and Meta pumping potentially unwanted AI features into their messaging platforms, there is a growing call for decentralized and encrypted alternatives that don't rely on the centralized heavyweights. One company that aims to provide this service is Here Not There Labs, creator of the Towns social app and the newly launched River Protocol. River aims to offer an alternative to chat platforms like Slack and Discord, powered by blockchain tech and both customizable and private for creators. “You see a lot of social media products that are decentralized, but you don’t see a lot…

Blockchain

Bitcoin Could Be Repeating 2019 Fakeout Rally, According to Analyst Jason Pizzino – Here’s Why

A widely followed crypto analyst believes Bitcoin may be repeating a 2019 market structure that saw BTC consolidating for many months before launching a parabolic surge. In a new video update, crypto strategist Jason Pizzino tells his 323,000 YouTube subscribers that Bitcoin’s run to new all-time highs is reminiscent of its 2019 price action, when Bitcoin rose by about 4X before taking a breather for six months. According to Pizzino, Bitcoin’s big move from about $25,000 to $74,000 in a few months is comparable to the 2019 fakeout rally, suggesting that BTC may witness a multi-month consolidation before the next…

Bitcoin

Binance Research's Team Issues Report on Breakthrough DeFi Markets

Binance Research, the analytical arm of the world’s leading cryptocurrency exchange, plays a crucial role in dissecting the trends and potential futures of blockchain and decentralized finance (DeFi). Their recent report, "Breakthrough DeFi Markets," delves deeply into the current state and evolving dynamics of the DeFi landscape, showcasing the rapid growth and innovative platforms sculpting the sector's future. DeFi TVL up 75% in 2024 DeFi TVL has increased by 75.1% in 2024 DeFi has witnessed a significant influx of capital in 2024, leading to a 75.1% increase in total value locked (TVL), which now stands at $94.9 billion. This growth…

DeFi

How Will No Staking in Ethereum ETFs Affect ETH? Remarkable Statements from Analysts!

SEC decision day on spot Ethereum ETFs has arrived. The SEC will announce its decision on VanECck's ETH ETF application today. While the increased possibility of ETF approval revitalizes the market, issuer companies are making some updates to their Ethereum ETF applications and removing the staking feature due to regulatory concerns. However, analysts think this decision, driven by regulatory concerns, could reduce the attractiveness of ETFs compared to direct ETH investments that offer staking rewards. Stating that staking is an important mechanism for Ethereum and other proof-of-stake blockchains, analysts said that investors who receive rewards for staking may find direct…

Ethereum

OKX and Jambo Partner to Expand Web3 Access in Emerging Markets

Jambo has partnered with OKX, the world’s leading global crypto exchange and Web3 technology company. It is an important part of the web3 mobile stack. Both standing “shoulder-to-shoulder”, the partnership will help to continue opening access for emerging markets to the digital economy through next-generation Web3 and mobile technology. All this is facilitated using OKX’s investment vehicle OKX Ventures. These firms have the shared mission of bringing Web3 technologies to a wider audience. Big Bang！ OKX Ventures is investing in Jambo with a shared mission of enhancing access to Web3 technologies and driving adoption. @okx @okxweb3 @okx_vietnam @JamboTechnology Read more:…

Regulation

Solana's Future Will Rely on These 4 Important Foundations: Developer Describes Them

The CEO of Drip Haus, Vibhu Norby, has provided us with a detailed reflection of Solana's trajectory, providing insights into the platform's future. The past few months, from December to April, marked a period of intense activity for Solana, characterized by exhilarating highs and challenging lows. According to the CEO, Solana experienced a "huge wave," peaking at 160,000 daily active users (DAUs) and onboarding over half a million users during this period. Despite the excitement, the influx led to significant congestion by early March, rendering the chain nearly unusable by month's end. This period was described as "sobering" for all…

Altcoins

Mining Difficulty And Hash Rate Spike Amid ETH ETF Buzz

Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty that adjusts every 2,016 blocks (roughly every two weeks) to ensure that the time between blocks mined remains around 10 minutes, despite the number of miners…

Mining